movtrip

Function Name: movtrip

Tags: Moving Averages

Category: Trend

The moving average may be the most widely used indicator. The Triple Moving Average indicator calculates and plots three simple arithmetic averages of the same prices (Close prices), from each of the most recent number of bars specified by the Period parameter. How the three averages relate to each other can help determine the strength or weakness of a trend. It can also be used to determine bullish and bearish trends as well as to generate buy and sell signals.

Moving averages are generally used for trend identification. Attention is given to the direction in which the averages are moving and to the relative position of prices and the averages. Rising moving average values (direction) and prices above the short moving average and the shorter moving averages above the longer moving averages (position) would indicate an uptrend. Declining moving average values and prices below the short moving average and the shorter moving averages below the longer moving averages would indicate a downtrend. Using multiple moving averages may make it easier to gauge neutral periods, or differentiate between strong and weak trends.

 

period1
	Default Value: 15  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric
period2
	Default Value: 30  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric
period3
	Default Value: 50  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric